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Banning St - Block 5 River Gardens 775 SF Medical Condo Unit Offered at $577,447 CAD in London SE10 0NA
Investment Highlights
- Dental practice investment
- RPI linked rent reviews (cap 8%, collar 2%)
- Prime Thames-fronting location in Greenwich
- Unbroken 15 year FRI lease
- Deposit and personal guarantees
- New build development block
Executive Summary
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 5.89% |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Tenure | Long Leasehold |
Description
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
Sale Notes
Dental practice investment, unbroken 15-year FRI lease with RPI linked rent reviews (capped at 8%, collared at 2%). Good deposit held and personal guarantees.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 7 | 775 SF | Medical | $577,447 CAD ($745.09 CAD/SF) | $34,011.64 CAD |
Unit 7
| Unit Size |
| 775 SF |
| Condo Use |
| Medical |
| Price |
| $577,447 CAD ($745.09 CAD/SF) |
| NOI |
| $34,011.64 CAD |
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Unit 7
| Unit Size | 775 SF |
| Condo Use | Medical |
| Price | $577,447 CAD ($745.09 CAD/SF) |
| NOI | $34,011.64 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Tenure | Long Leasehold |
| Description | |
| Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.</li></ul> | |
| Sale Notes | |
| Dental practice investment, unbroken 15-year FRI lease with RPI linked rent reviews (capped at 8%, collared at 2%). Good deposit held and personal guarantees.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 9,976 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 4,988 SF |
| Property Subtype | Year Built | 2021 | |
| Building Class | B | Lot Size | 0.99 AC |
| Total Building Size | 9,976 SF |
| Property Type | Office (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,988 SF |
| Year Built | 2021 |
| Lot Size | 0.99 AC |
Amenities
- Wi-Fi
- Air Conditioning
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Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Boarway Care Ltd |
775 SF
|
August 2038
|
Contacts
-
Emily Bradshaw -
Huseyin Zafer -
Varol Zafer -
Shahid Sadiq -
Willmotts Chartered Surveyors
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Banning St - Block 5 River Gardens
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